80% of American investors do not believe the federal government is doing enough to protect “consumers from being taken advantage of” by financial advisers, and 84 percent investors agree that financial advisers should be regulated by the federal government to protect investors and build confidence in financial services, according to a survey from the Financial Planning Coalition.

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"As the Senate Banking Committee considers the nomination of Mary Jo White as the next Chairman of the Securities and Exchange Commission (SEC),"says a press release from the Coalition, "the Coalition believes that this nationwide survey demonstrates the public’s continued desire for the SEC to fulfill its mission to protect investors."